Dollar falls after employment data sours recovery hopes

19.02.2021 - Korneychuk Evgeniya
Dollar falls after employment data sours recovery hopes

The dollar paused on Friday following its largest loss in ten days as disappointing U.S. employment data weighed on hopes for a speedy U.S. pandemic recovery.

The greenback continues its role as a safe haven, falling alongside U.S. stocks overnight as an unexpected increase in unemployment claims bruises the economic outlook. 

The dollar index traded at 90.561 in Asian trade following a 0.4% drop overnight after a two-day winning streak. 

The pound was flat at $1.3965 on Friday after a 0.8% gain in the last session, when it climbed as high as $1.3986, its strongest level since April 2018. 

The euro stood at $1.2093 after gaining 0.4% overnight. Against the yen, the dollar steadied after a two-day retreat. 

Elsewhere, Bitcoin traded at $51,335.71 after reaching a record $52,640 on Wednesday in a rally driven by Tesla Inc and others. It rose nearly 78% so far in 2021. 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?